htr - tech commercialization

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High Tech Rochester Inc. High Tech Rochester Inc. 150 Lucius Gordon Dr., Suite 100 West Henrietta, NY 14586 www.htr.org (585) 214-2400

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HTR\’s work on commercializing new technologies

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Page 1: HTR - Tech Commercialization

High Tech Rochester Inc.

High Tech Rochester Inc.150 Lucius Gordon Dr., Suite 100

West Henrietta, NY 14586www.htr.org

(585) 214-2400

Page 2: HTR - Tech Commercialization

HTR’s Mission

Foster the creation and growth of high-tech startup companies– Tech Commercialization– Incubation

Assist small and mid-sized manufacturers– MEP

Page 3: HTR - Tech Commercialization

HTR’s Services & Venture’s growth

Concept Pre-Seed SeedEarlyStage

Growth

Tech CommercializationTech Commercialization

Incubation (TEC & RBC)Incubation (TEC & RBC)

Mnfg. Assistance (MEP)Mnfg. Assistance (MEP)

CustomerValidation

Maturity

ProfitabilityMarket

ExtensionIdea RevenuesPrototype

Product Concepts & New IP

HTR

Div

isio

ns

HTR

Div

isio

ns

HTR

Serv

ices

HTR

Serv

ices

Mentoring/Strategic Planning/Incubation/Resource Network

Funding Assistance: Grants – SBIR/STTR, NYSERDA, etc.

Funding Assistance: Angels (R.A.N)

Funding Assistance: VCs

Ven

ture

Sta

ges

Page 4: HTR - Tech Commercialization

HTR’s Services & Venture’s growth

Concept Pre-Seed SeedEarlyStage

Growth

Tech CommercializationTech Commercialization

Incubation (TEC & RBC)Incubation (TEC & RBC)

Mnfg. Assistance (MEP)Mnfg. Assistance (MEP)

CustomerValidation

Maturity

ProfitabilityMarket

ExtensionIdea RevenuesPrototype

Product Concepts & New IP

HTR

Div

isio

ns

HTR

Div

isio

ns

HTR

Serv

ices

HTR

Serv

ices

Mentoring/Strategic Planning/Incubation/Resource Network

Funding Assistance: Grants – SBIR/STTR, NYSERDA, etc.

Funding Assistance: Angels (R.A.N)

Funding Assistance: VCs

Ven

ture

Sta

ges

Page 5: HTR - Tech Commercialization

Tech Commercialization

Market opportunity assessmentsBusiness and marketing plansConnections to talent (like EIRs)Fundraising assistance (Grants, Angels/VCs)

Multiple success stories:– clients raised >$40M (grants & investments)

Key outcome – Go / No-Go Decision

Page 6: HTR - Tech Commercialization

HTR’s Services & Venture’s growth

Concept Pre-Seed SeedEarlyStage

Growth

Tech CommercializationTech Commercialization

Incubation (TEC & RBC)Incubation (TEC & RBC)

Mnfg. Assistance (MEP)Mnfg. Assistance (MEP)

CustomerValidation

Maturity

ProfitabilityMarket

ExtensionIdea RevenuesPrototype

Product Concepts & New IP

HTR

Div

isio

ns

HTR

Div

isio

ns

HTR

Serv

ices

HTR

Serv

ices

Mentoring/Strategic Planning/Incubation/Resource Network

Funding Assistance: Grants – SBIR/STTR, NYSERDA, etc.

Funding Assistance: Angels (R.A.N)

Funding Assistance: VCs

Ven

ture

Sta

ges

Page 7: HTR - Tech Commercialization

Incubation

Creating a growth environment for Startups– Turn-key offices, conference rooms,

equipment, reception, etc.– Structured Coaching & Mentoring– Connection to strategic partners, Investors,

etc.

Two incubators managed by HTR– Lennox TEC – offices and light Mnfg.– Rochester BioVenture Center – Wet-Labs– >20 companies in incubation

Page 8: HTR - Tech Commercialization

HTR’s Services & Venture’s growth

Concept Pre-Seed SeedEarlyStage

Growth

Tech CommercializationTech Commercialization

Incubation (TEC & RBC)Incubation (TEC & RBC)

Mnfg. Assistance (MEP)Mnfg. Assistance (MEP)

CustomerValidation

Maturity

ProfitabilityMarket

ExtensionIdea RevenuesPrototype

Product Concepts & New IP

HTR

Div

isio

ns

HTR

Div

isio

ns

HTR

Serv

ices

HTR

Serv

ices

Mentoring/Strategic Planning/Incubation/Resource Network

Funding Assistance: Grants – SBIR/STTR, NYSERDA, etc.

Funding Assistance: Angels (R.A.N)

Funding Assistance: VCs

Ven

ture

Sta

ges

Page 9: HTR - Tech Commercialization

Manufacturing Assistance - Services

Tactical

• LEAN Manufacturing

• Quality (ISO 9000, etc.)

• Green Suppliers Network

• Waste & Energy Reduction

• Financial Systems

• Human Resources

• Information Technology

Strategic

• Business Assessment

• Innovation/NPD (Eureka!)

• Strategic Planning

• Executive Coaching

• Market Assessments

• Sales Organization

• Access to Local, State & Federal Grants

• Referrals to Other Resources

Page 10: HTR - Tech Commercialization

HTR & WIRED

&&

Page 11: HTR - Tech Commercialization

HTR services under WIRED

Capital Raising

Marketing & Business Plan

Tech & IP Analysis

MKT Opportunity Analysis

Men

torin

g

Entrepreneur Identification

Business Assessment

Pro

totyp

ing

Technology Review

Seminars

Pre-Seed Workshop

SBIR/STTR

PartnersPartners

UR, RIT, ITC, UR, RIT, ITC, Tech-FarmTech-Farm

Page 12: HTR - Tech Commercialization

HTR-Wired Tech Comm: Process & Outcomes

Business MentoringManagement Support, Hands-on Mentoring, Sounding Board, Strategic partnerships, etc.

Capital Raising (HTR)

Capital Raising (Independent)

Boot Strapping

VCs

Angels

GrantsBusiness

PlanOutcomeTC Database

Entrepreneur/ Technology

Identification

OutcomeBusiness review

Quick ScreenTM

Outcome: Key Go/No Go

Decision

Opportunity Analysis

156 58251346

Capital Raised Received Pending

Grants $11.2M $1.5M

Angels $9.9M

VCs $9.8M

Additional $9M

TOTAL $41.4MM

Expected Jobs 2009 2014

Company Survey 254 1,431

Page 13: HTR - Tech Commercialization

HTR - SBIR/STTR Assistance

$2BN in New Product Dev. grants- annuallyOver $8MM in grants won by HTR clients

Services:Program EducationSample GrantsProposal ReviewPhase-0 grant – EndedGrant Writing & Partner identification

Page 14: HTR - Tech Commercialization

HTR – Pre-Seed Workshop

Pre-Seed Workshop is an “Idea Thickening” Workshop

Inventors are teamed with:– Attorneys, CPAs, Serial Entrepreneurs,

MBAs– Analysis reviewed by VCs, Bankers,

Angels Entrepreneurs and IDAs

Over 30 new ventures went through the process

Page 15: HTR - Tech Commercialization

More information at:

High Tech Rochester Inc.www.htr.org - (585) 214-2400

Rami KatzDirector of Tech Commercialization

[email protected]

THANK YOU!